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20120701
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Search Results 0 to 13 of about 14 (some duplicates have been removed)
trusties, but, trust, panama corporations would raise red flags with any tax authority. it is what mitt romney says about this, you say, that is of concern. nick shaxson? >> yes. this is a very important point. people seek offshore tax havens as a shady little island somewhere. one of the things i explore in my book, "treasure island's," since the 1970's, the u.s. itself has been turning itself quite deliberately into a tax haven in its own right. attracting foreign money, a lot of illicit for money from overseas through offering things such as special tax exemptions and secrecy -- financial secrecy. delaware and nevada and wyoming, offering very, very low cost, strong secrecy through corporations. this is profoundly difficult thing. one of many vehicles through which this illicit money can come in is the private equity business. there is no requirement on private equity companies to enforce the tax laws of other countries. a filing i am covered during my research -- i am covered during my research showed the strange entities in the bahamas and panama, all of these places are renowned t
investment funds from wealthy foreigners most of the money through corporations registered in panama. some of the most secretive of business laws exist there in panama. does that story prove the president's points, that business leaders don't come by successful initiatives on their own? >> well, i think certainly not, tom. i think the recent polls you've cited have shown that the president's false attacks on mitt romney aren't working right now and the people care about the economy. i want to turn to your point about the context of the president's you didn't build that remark. there was a good article by phil klein this morning saying that the contextually made that comment worse. if you look at the whole speech and what he's arguing, it's that the way that we're going to fix this economy, the way that we're going to get out of this ditch is through more government and not by unleashing the private sector. his argument was that people, small business owners, you're not that smart, you didn't work that hard, you didn't earn that. it happened because of the government. that's the wrong way t
, bain and co-people. there are also these kind of mysterious, you know, there's a geneva trustee, panama corporations. there are trusts. these are, for any tax authority around the world, these are big red flags. camp panama, i describe in the article, a u.s. customs official calling it one of the filthiest money laundering sinks in the world. this is not -- we're not talking here about u.s. investors breaking u.s. tax -- we are talking about foreigners cloaking their money in these offshore structures and the money coming in. and that just raises an awful lot of questions. you know, did those investors break their own country tax laws? are they committing tax evasion in those countries? el salvador was certainly one of the countries where a lot of those investors were coming from. you know, that was a country torn apart by class warfare and military conflict. you know, this kind of thing about tax evasion can, you know, is sort of a symptom of the kind of impunity of the elite of these countries. it raises a very sort of nasty set of questions about, you know, was that a vehicle for for
's personal journey from freedom to panama and the recent return to the country. >> and your american flag, it might have been made in china. american flag made in china. >> check the label. >> let's talk about that coming back. [ male announcer ] introducing a powerful weapon in your fight against bugs. ortho home defense max. with a new continuous spray wand. and a fast acting formula. so you can kill bugs inside, and keep bugs out. guaranteed. ortho home defense max. introducing share everything. unlimited talk. unlimited text. tap into a single pool of sharable data and add up to 10 different devices, including smartphones and tablets. the first plan of its kind. share everything. only from verizon. now add a tablet for only $10 monthly access. ♪ wer surge, let it blow your mind. [ male announcer ] for fruits, veggies and natural green tea energy... new v8 v-fusion plus energy. could've had a v8. they claim to be complete. only centrum goes beyond. providing more than just the essential nutrients, so i'm at my best. centrum. always your most complete. >> welcome back. time for your
importantly, i don't see pensacola, i don't see fort walton, i don't see panama city beach, not the redneck riviera. >> mcclain. >> mcclain, come on. it looks like a town where a bunch of hip peas hang out and smoke pot or something. >> you sound the way colbert drilled me one day. it's great to see you, joe, and you know i visited pensacola a number of times and worked with them on making their city and helping their institute and everything they're doing down there. and they're doing good. florida is better. i spend the winter in miami, but it's got toin ve invest a little in that technology, it's got to bring skills. huntsville does great. it may not be tuskarawas loocal it's doing great at growing its economy. >> we have a chance to grow in the next 20, 30, 40 years. if we crack the code on an energy source that's cheap enough and economical enough that we can produce it on scale and run the economy, you will see smaller college towns just like richard is talking about absolutely explode. instead of some oil taxes in sau saudi arabia or some natural gas fields in pennsylvania, you will
by panama money, foreign money sources. is this a legitimate argument to have? >> it's all legitimate because it gets to who these people are, how they made their money. how they could possibly run things as president. but look, mitt romney is whacking away at president obama's achilles heel, which is jobs. the weak economy and the fact that jobs just aren't growing as fast as the american people would like. president obama is whacking away at mitt romney's achilles heel over the tax issue, over his lack of disclosure and you know, i agree with susan that there will be a reset button hit strategically advantageously for mitt romney. but i say ultimately, this tax return issue is an issue that's not going to go away. it just isn't. if the romney campaign doesn't do something before the debates, he's going to get whacked really, really hard. because this gets to -- the overall issue of transparency. whether you can trust the person who you are hoping -- who is asking you for your vote, that he's being transparent about how he's made his money. >> what is the job application? >> somethin
's get to the boards. one or two things going on we want you to know about. panama city, florida, one of the most beautiful places on the planet. and look at reno. when you send in the twitter pictures, we look at them and put one or two on the air. 13 states with heat watching, warnings, or advisories today. some facing record temperatures. this looks like this range of heat right here will last into probably thursday in the middle of the country. we'll talk a lot about that in the headlines as we go through. there's the opportunity to get a couple of doses of rain in the spots that are heavy in red. that's >> all of that weather was brought to you by target. and now, let's get to our dear friend, josh elliott. good morning, josh. >>> our good friend mehmet oz is back with us this morning. we look at the latest episode of the unbelievably gripping "new york med." we get access to the top hospital. we find out what goes on behind the closed doors of the staff lounge. >> i'm coming here to heckle people. bonnie, bonnie is the charge nurse. she has been since i trained. i love her dearl
. most financial investors money came from corporations registered in panama, then one of the world's most secretive business jurisdictions, offering a confidentiality intense advantages. previously unreleased details and other public records -- bain capital was emeshed in the largely opaque world of international high finance from its inception. romney faces increasing criticism for his own involvement in exotic offshore investment funds. that is front page of the chicago tribune this morning. and the lead story in the miami herald is -- in congress, few released their congress. nancy pelosi was an phatic. mitt romney the's to release more than two years of his tax return, it makes him unfit to win confirmation as a member of the president's cabinet, let alone hold the high office himself. harry reid went further. his refusal to make public tax record makes him unfit to be a dogcatcher. they do not think that standard of transparency should apply to them. the democratic leaders of the senate and house are among hundreds of senators and representatives from both parties who refused
families would receive a small subsidy is a kind of reward of that good behavior. we also see it in panama and other places. it derives cash transfer to lower -- what is exciting is it is looking at the absolute poorest of the ports of the people who don't normally access services, people he may not even be registered for government services is providing a end incentive for the government to go out and identify those individuals and to identify them in creative ways that perhaps go beyond the traditional mechanisms for traditional cash transfer which includes health care are going to go to the doctor on a regular basis and if your children go to school, you may receive some food subsidies and there has been some discussion even particularly with indigenous communities, traditional communities as to how do you treat that basket of goods to make sure it's culturally appropriate so you are buying more local food products so that you are looking at -- you are not changing communities diets or their principles. one of the main areas -- so that is an example of public aid. and public aid for the
the free trade agreement with colombia, panama and south korea. we are already seeing the economic benefits of that in south florida. imagine in if we were able to do that with more countries in a free and fair way. has to be fair. one last thing we could probably do to help grow this economy is deal with the long-term debt. that's what it is, it's a long-term debt problem that hovers over all over this conversation and creates some uncertainty. people are afraid especially people with lots of money are afraid to investigate in the american -- invest in the america economy, and they think that country is destined for confiscatory tax rates. they're going where europe is going. we don't want to invest in a country that will wind up like europe in five years. that's why we have to deal with the long-term debt and the sooner the better. and to deal with the long-term debt, by the way, you have to deal what with what's causing it. that's why it's so important we save medicare. medicare is a very important program. my mother is on medicare. i would never support anything that hurts my mother or
Search Results 0 to 13 of about 14 (some duplicates have been removed)